Now that Elon Musk has bought Twitter - now the Pit edition (Part 1)

Oh my god, opening the door to blue checkmarks for eight dollars has unleashed all sorts of fun. ( you can’t see it in the preview, but this account does have a blue check)

https://twitter.com/tesiareal/status/1590810842693799936?s=61&t=7AwLrB615_PX1fqXrfs8BA

I thought it was hilarious that Musk thought the $8 barrier would keep the impersonators away. He is keeping that $8 though when he bans them! That’ll show’em!!!

There is now a Chrome extension to auto-block any account that paid for a checkmark.

I’m starting to think this all could have been avoided if Elon’s dad had just read The Sneetches to him when he was five years old.

This does let you identify them, but he hasn’t built in the auto block yet

Honestly, this is cheap entertainment for eight bucks.

Would not be shocked if Twitter went dark by next Friday, especially if the FTC/FCC starts fining them.

And yet…

Poe’s law has nothing on Elon Musk.

Insulin free? Sure, I’ll take a truck-load. Gotta be worth $20 bucks a unit.

Okay, I’ll take $8

Here’s a solid breakdown of the last 36 hours of Elon’s self-induced meltdown;

To be fair, it wasn’t in dire financial straits when he bought it.

HO-LEE-SHIT!

Since Mythbusters debunked the bull in a china shop saying I’m guessing the phrase will soon morph into “a Musk in a Twitter”.

" Musk and his team were unable even to tweet from the @twitter account."

True. I don’t think it was making money, but it was worth enough for people to buy it for many billions. Now, not sure the company could be given away.

Banks with loans with Twitter are already trying to sell them on a significantly discounted basis.

https://www.bloomberg.com/news/articles/2022-11-10/twitter-loans-get-bid-at-60-cents-as-banks-sound-out-investors

So, wait! Here’s the real genius! Musk is going to keep driving down the value of that debt, and then buy it for pennies on the dollar!

Genius!

Tumblr is now selling 2 blue checkmarks for $7.99.

Not 1 but 2 blue checkmarks!!!

Holy cow, Yoel Roth, Twitter’s head of security, resigned today. He’s been one of the few execs still being positive over the last couple of weeks, but I guess he’d had enough.

A comprehensive list of resignations/firings today.

Nothing he did $omehow talk Robin Wheeler into staying subsequent to this tweet.

Aside from all the other mistakes Musk has made with the Twitter takeover, he is trying to install the same type of workforce and culture that SpaceX and Tesla have… at Twitter. It’s one thing to convince a young engineer to dedicate their waking hours to build cutting-edge spaceships and to be apart of something special, or perhaps to a lesser extent to design and build electric cars, but to work on Twitter? It doesn’t seem like the same sort of rewarding work. I can’t imagine the workforce mood right now. Mass layoffs kill morale. They might as well just fire everyone and start from scratch. This bunch is ruined.

Twitter is a dead man walking. Bankruptcy is likely now inevitable.

Musk now appears to be obsessed with… suspending parody accounts.

Not just social media; it’s all media. Yes, you can listen to the radio or watch TV for free, but you’re subjected to advertising. The TV/radio stations’ customers don’t include you. Their customers are advertisers; you are simply the product. And the more of you there are, the more that the TV/radio stations can charge advertisers.

It’s the same for print media. That $2 you paid for today’s paper or that $5.99 you paid for a magazine covers the cost of printing and distribution. And that’s pretty much it. You may think you’re a customer, because you bought the physical media, but you’re just another pair of eyeballs that the publisher can sell to advertisers–the customers from whom media companies really make their money.

I’m not surprised that Musk doesn’t understand this. Yes, he made Tesla succeed, and yes, he shoots up rockets, but he has shown that he doesn’t understand media at all. Allow unwelcome and/or controversial and/or downright nasty and insulting viewpoints, and you’ll be losing reasonable users and their eyeballs. Which will make advertisers pull out, since their advertising is no longer reaching the number or kind of people (i.e. product) they want it to. The product is no longer there, in other words, so advertisers demand lower rates, or abandon the platform completely.

It’s as simple as that.

I must say this is all happening much faster than I ever would have thought.

This has been really fun to watch. Every day it keeps getting worse and worse in the best way possible. I can’t wait to see it all come crashing down…